Scarps are to account for a quarter of the UK market this year, says Legal & General

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In 2009, structured capital-at-risk products (Scarps) accounted for around a fifth of the total structured products market, according to Legal & General. “This year Scarps could capture a quarter of the market or perhaps higher,” says James Harrington, head of business development at Legal & General in London.

This month has seen Legal & General, Gilliat Financial Solutions, Morgan Stanley and Santander issuing a series of Scarps FTSE-linked growth and income products.

“This is incremental to bu

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